INCOME ELASTICITY OF DEMAND - Fullerton College Staff Web Pages

INCOME ELASTICITY OF DEMAND - Fullerton College Staff Web Pages

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日期:2025-10-02
Definition: Income elasticity of demand (Ey, here y stands for income) tells us the relationship a product's quantity demanded and income. It measures the sensitivity of quantity demand change of product X to a change in income. Price elasticity formula: ...看更多